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Oct 23, 2013
10/13
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the tax season was scheduled to begin on january 21st but may be pushed back as february 4th. a final decision on the start date will be announced sometime in december. >>> no matter when it begins, the april 15th deadline for filing your returns remains the same. >>> no way to escape that. the obama administration is also scrambling to meet another deadline, getting the online health exchanges up and running and on time. the department of health and human services has called on verizon now to fix the problem. it makes sense to bring in verizon, its division for enterprise solutions already does contract information work for the hhs and for medicare, as well. >>> in the meantime, consumer report s has a blunt message for anyone using health ca.glove website to stay away. they want to work out the problems from the rollout from day one. >>> coming up on the program, apple wasn't the only company to unveil a new tablet today. so did microsoft and nokia but can these other tablets chip away at the ipad's lead? first how commodities, currencies and treasuries performed today. >>>
the tax season was scheduled to begin on january 21st but may be pushed back as february 4th. a final decision on the start date will be announced sometime in december. >>> no matter when it begins, the april 15th deadline for filing your returns remains the same. >>> no way to escape that. the obama administration is also scrambling to meet another deadline, getting the online health exchanges up and running and on time. the department of health and human services has called...
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Oct 9, 2013
10/13
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WMPT
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in audition they offer triple tax exempt benefit, which has been very attractive to u.s. investors in that the interest comes from puerto rico bonds is except from federal state and local income taxes where they exist. >> as i understand it, candice, a lot of the bonds that have large slugs of puerto rican debt in them are off and that presumes investors are marking down the prices on a possibility of a default. how do you handicap the possibility of a default and how should i, if i invest in a municipal bond fund, at what level does the exposure become trouble system? >> yeah, so first i would pref face by saying there is a lot of different types of puerto rico debt. what is generally talked about is the commonwealth general obligation bonds, which actually have a constitutional guarantee on that debt repayment. so the puerto rico constitution stipulates that payment of that debt supersedes in priority the payment of current payroll expenditures and the flexibility to reclaim other revenue -- >> so it's a general -- excuse me for interrupting, if it's a general obligatio
in audition they offer triple tax exempt benefit, which has been very attractive to u.s. investors in that the interest comes from puerto rico bonds is except from federal state and local income taxes where they exist. >> as i understand it, candice, a lot of the bonds that have large slugs of puerto rican debt in them are off and that presumes investors are marking down the prices on a possibility of a default. how do you handicap the possibility of a default and how should i, if i...
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Dec 6, 2013
12/13
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KQEH
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cards were issued by several corporations to pay employees and by some government agency s issuing tax refunds and unemployment benefits. >>> still ahead, will twitter's big plan to make more money pay off for shareholders, or will this add strategy potentially backfire? >>> the biggest decliner in the dow today, microsoft. invest tors dumped shares on hearing that alan the ceo of ford may not take the wheel. there is intense speculation he will step into the job after the contract at ford ends in 2014. here is how he answered to phil lebeau about taking the top job. >> i'm honored to serve ford and we have no change in the plan. >> reporter: i understand that but you didn't answer my question. have you been approached? >> i did answer your question. i'm honored to serve ford and we don't comment on speculation. >> shares of microsoft fell nearly 2.5%. >>> shares of twitter went the other way today, rising almost 4.5% after announcing adds targeting tools designed to give its advertisers a boost and prove to investors it can make more money. julia boorstin has the story. >> reporter: t
cards were issued by several corporations to pay employees and by some government agency s issuing tax refunds and unemployment benefits. >>> still ahead, will twitter's big plan to make more money pay off for shareholders, or will this add strategy potentially backfire? >>> the biggest decliner in the dow today, microsoft. invest tors dumped shares on hearing that alan the ceo of ford may not take the wheel. there is intense speculation he will step into the job after the...
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Apr 23, 2013
04/13
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KRCB
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. >> the combination of tax liens and higher revenue drove two of the country's largest airlines to post a rare profit in the first quarter. >> delta air lines, excluding charges it earned 10 cents a share on revenue of $8.5 billion. by the way, this is the first profitable first quarter in over a decade for delta. >> meanwhile, u.s. airways beat the street earning 31 cents a share on revenues of under 3.4 billion. the combination of tighter capacity and higher load factors meant they were lower in the first quarter and fuel prices also help the bottom line. executive it is for the airline expressed concerns due to the faa furloughs impacting their business in the second and third quarters. with more delays expected some on wall street are worried the sequester could warn potential airline customers not to fly. >> people get to vote their vacation dollars however they want and they see that it's a hassle to fly more than it's normally a hassle to fly and they may vote and, you know, differently and with lower gasoline price s they might get people driving to their vacation rather than fl
. >> the combination of tax liens and higher revenue drove two of the country's largest airlines to post a rare profit in the first quarter. >> delta air lines, excluding charges it earned 10 cents a share on revenue of $8.5 billion. by the way, this is the first profitable first quarter in over a decade for delta. >> meanwhile, u.s. airways beat the street earning 31 cents a share on revenues of under 3.4 billion. the combination of tighter capacity and higher load factors...
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Sep 12, 2013
09/13
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KQEH
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wealthy americans cash income dividends in 2012 to avoid higher taxes this year. for "nightly business report," i'm hampton pearson. >>> coming up, wall street remembers the tragedy that happened on this day 12 years ago. >>> americans everywhere marked the 12th anniversary of the september 11th terrorist attacks. president obama, biden and their wives commemorated date with a moment of silence on the lawn at 8:467 this morning, that's the exact time the first plane struck new york city's world trade center in 2001. in audition to the sites of the attacks in new york, washington and pennsylvania, moments of silence were held in the business world including the new york stock exchange, chicago and new york. >>> 12 years ago, fitzgerald teeters on the binge of ex tings. more than 600 employees killed. it survived thanks in part to the generosity of other firms. now at the annual charity day, the firm honors the memory of those who perished to help canter give back. marry thompson has the story. >> what are you doing? >> reporter: canter fitzgerald charity day turns
wealthy americans cash income dividends in 2012 to avoid higher taxes this year. for "nightly business report," i'm hampton pearson. >>> coming up, wall street remembers the tragedy that happened on this day 12 years ago. >>> americans everywhere marked the 12th anniversary of the september 11th terrorist attacks. president obama, biden and their wives commemorated date with a moment of silence on the lawn at 8:467 this morning, that's the exact time the first plane...
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Dec 18, 2013
12/13
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KQEH
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1 million for a bus stop and millions more for crystal steam ware, that's how congress is spending tax dollars and why one senator says enough is enough. >>> this weekend's massive storm that dumped ice and snow to main kepted millions of would be shoppers out of the malls. the shopper track reports the number of shoppers at the brick and mortar stores this past saturday, get this, plunged nearly 26% from the same day a year ago. >>> nearly a third of all americans will be hitting the roads this holiday season. aaa predicts 95 million people will be traveling at least 50 miles from home between this coming saturday and new year's day. that's more than last year with nine out of ten travelers driving, the rest by air. this is something that should help out, gas prices are lower now than a year ago. >>> one thing that never appears to head lower is wasteful government spending and there was plenty of it highlighted in one senator's report of federal out lays called the waste book. hampton pearson has more. >> reporter: calling out congress for not making the tough choices when it comes t
1 million for a bus stop and millions more for crystal steam ware, that's how congress is spending tax dollars and why one senator says enough is enough. >>> this weekend's massive storm that dumped ice and snow to main kepted millions of would be shoppers out of the malls. the shopper track reports the number of shoppers at the brick and mortar stores this past saturday, get this, plunged nearly 26% from the same day a year ago. >>> nearly a third of all americans will be...
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Oct 19, 2013
10/13
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KQEH
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. >> reporter: whether than go through zoning and tax issues with a total tear down, they seek out homes in sought after locations they can get at a slight discount because they need work. >> this really came out great. >> reporter: this bought this one for $735,000, redid it inside and out and listed it for close to 2 million. it's riskier because it's priceyer but demand is there. >> you see foreign buyers coming in, all cash buyers. >> reporter: with so few homes on the market, some are canvassing older popular neighborhoods like this one and ringing doorbells to see if anybody wants to sell. >> it's a bigger up front risk and on the back end you have usually fewer buyers, but the pay off can be bigger. the average gross profit on a high-end flip is about $240,000, compared to about a $55,000 average profit on the lower end. >> it does make the backyard pop. >> reporter: american coastal, which is for now, just in southern california will flip between 30 and 50 homes this year. that thanks to a 50 million dollar infusion from colony capital and the family office. >> we're looking at p
. >> reporter: whether than go through zoning and tax issues with a total tear down, they seek out homes in sought after locations they can get at a slight discount because they need work. >> this really came out great. >> reporter: this bought this one for $735,000, redid it inside and out and listed it for close to 2 million. it's riskier because it's priceyer but demand is there. >> you see foreign buyers coming in, all cash buyers. >> reporter: with so few...
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Nov 14, 2013
11/13
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KQED
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a 2.3% tax on everything from mri machines to stints. ♪ ♪ >> reporter: the taxes hit a silicon valley start up, they use coles to relief pain. sales should reach $10 million this year but client cornell says most are overseas where there is no tax. >> the device taxes on revenues, not profits. >> reporter: that's the beef startups have to pay taxes on revenues before they are profitable and it won't be profit nl for years, hence the trip to washington. >> the venture communique struggled and not just the device tax, it's regulations, longer approval process. a lot of the funding is coming from europe, asia and obviously, when you have investors from the areas, they want you to commercialize, move them to those areas of the world. >> reporter: while some jobs are being shipped overseas in part because of the tax, cornell says he's trying to relocate mio science, keeping it an american company. it's just going to cost him. >> it's getting kicked around like a political football. in reality, we should get around. it's an american issue. about invasion, creating world class companies here
a 2.3% tax on everything from mri machines to stints. ♪ ♪ >> reporter: the taxes hit a silicon valley start up, they use coles to relief pain. sales should reach $10 million this year but client cornell says most are overseas where there is no tax. >> the device taxes on revenues, not profits. >> reporter: that's the beef startups have to pay taxes on revenues before they are profitable and it won't be profit nl for years, hence the trip to washington. >> the venture...
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146
May 3, 2013
05/13
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KQEH
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eye 146
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also some tax changes at year-end. so january was a record month at the expense of some money funds, money that's been parked and moved into equities and fixed unt income. >> are you having to swallow some as other companies are doing? >> we are, but for us a small part. >> i want to play a sound bite from lloyd blankfein from earlier today, because one of the discussion points this week is the weight of regulation on business generally and most especially on the financial services business. let's listen to lloyd blankfein earlier today. >> there is uncertainty now, but i don't think spectacularly more than in other periods that i've grown into now. but the recent history is really what's getting everybody nervous. >> mr. blankfein basically had a rafael nadal serve that he could have smashed and said regulation is worse. but he said, yeah, it's there, but we just deal with it. is that what you see? >> well, i think, like any ceo, he's very careful about his words when he's in public. and regulation, you know, after th
also some tax changes at year-end. so january was a record month at the expense of some money funds, money that's been parked and moved into equities and fixed unt income. >> are you having to swallow some as other companies are doing? >> we are, but for us a small part. >> i want to play a sound bite from lloyd blankfein from earlier today, because one of the discussion points this week is the weight of regulation on business generally and most especially on the financial...
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100
Apr 5, 2013
04/13
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KQED
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eye 100
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consumers proved more resilient than the face of tax increases. the first quarter is tracking about 3.5% growth. i don't think 3.5% is where the underlying trend. i think we've got some slowing. we've got the sequestration drag in. the second quarter is going to be slowing. but i think when we look through it, we're going to feel the economy is growing 2.5% in the face of a fiscal drag. and we're going to look at this economy and say this is pretty solid performance. >> bob, it's nice to see. i haven't seen you since you moved over to nuveen. it's been a while. i want to ask you about treasuries. what are treasuries saying, if anything, about the state of the u.s. economy, or are the yields coming down based on global tensions? >> i think they're coming down, tyler, because there is some slowing going on because we have good news for monetary policy out of japan. and it's breathing a sigh of relief. look, we've been trading in this 180 to 2% for a ten-year treasury, really since the first of the year. so i don't want to make too much of the fact t
consumers proved more resilient than the face of tax increases. the first quarter is tracking about 3.5% growth. i don't think 3.5% is where the underlying trend. i think we've got some slowing. we've got the sequestration drag in. the second quarter is going to be slowing. but i think when we look through it, we're going to feel the economy is growing 2.5% in the face of a fiscal drag. and we're going to look at this economy and say this is pretty solid performance. >> bob, it's nice to...
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Sep 21, 2013
09/13
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KQED
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it's also been approved for $270 million in energy department grants and millions more in tax credits. >> you can't look at the results of one plant, which is only 70%, 75% done, and apply that to an entire industry. >> environmental groups, however, say the epa standard will create demand for that new technology, a more likely scenario, lawsuits from the utility industry over the new epa proposed rule, as well as guidelines in the works for existing power plants a year from now. for "nightly business report" i'm hampton pearson in washington. >>> and still ahead, could new rules make safe money market funds more risky? but first a look at this week's top performing stocks on the s&p 500. >>> shares of blackberry tumbled today and that's putting it nicely. they were even halted from trading late in the session. now that's because the company preannounced a massive second quarter loss of nearly a billion dollars. and that its revenue is about half of analyst estimates. the struggling company, which has put itself up for sale, also announced plans to cut 4500 employees. that's about 40%
it's also been approved for $270 million in energy department grants and millions more in tax credits. >> you can't look at the results of one plant, which is only 70%, 75% done, and apply that to an entire industry. >> environmental groups, however, say the epa standard will create demand for that new technology, a more likely scenario, lawsuits from the utility industry over the new epa proposed rule, as well as guidelines in the works for existing power plants a year from now....
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Jun 28, 2013
06/13
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KRCB
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that's all they care about, should they buy individual uni bonds if it helps them from a tax advantage standpoint or go into a fund? >> right now, this week, at the beginning of the week there was some bonds -- this is a very heavy volume week and that's coincidence unrelated to announcements by the fed and so on. that bonds got very cheap, and so retail investors saw the after tax advantage of purchasing individual bonds. you know, we would say as far as those that hold funds that it's extremely hard to time the market. you can't just say well, i lost. i got to get out because you don't know what will happen next week, next month and so on. so yes, we all believe that interest rates are going to be rising at some point in the future. they have risen in the last two weeks, and have steadily. so, you know, you need to position yourself with diversity in terms of length of time, shorter medium term and so on. >> you know, natalee, you've been talking about fundamentals of investing in uni bonds. as investors see headlines, states have more surpluses, that's good news and headlines of cit
that's all they care about, should they buy individual uni bonds if it helps them from a tax advantage standpoint or go into a fund? >> right now, this week, at the beginning of the week there was some bonds -- this is a very heavy volume week and that's coincidence unrelated to announcements by the fed and so on. that bonds got very cheap, and so retail investors saw the after tax advantage of purchasing individual bonds. you know, we would say as far as those that hold funds that it's...
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Dec 31, 2013
12/13
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KQEH
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puerto rico and the virgin islands from a tax on imported rum. lawmakers let these taxes lapse every year and usually reinstate them when congress returns in january. >>> and coming up, three stocks that will do well for you as the economy gets stronger, according to our expert, coming up next. >>> shares exploding today on news that blackstone is taking a look at the troubled shoe maker, the maker of the once colorful c clogs will get a $2 million investment from blackstone, giving the company a stake on the board. the news sends shares on a 21% run up to 16 dollars, 14 cents. >>> and cracker barrel standing up to the activist and rejecting demands to put the company up for sale. the company says they will stick with their business plan, they have a 20% stake in cracker barrel. he wants to oust the management because they claims they are not maximizing shares. >>> and shares of apple in the red after news broke friday night that the company is pushing back against carl icahn. apple's board suggested they vote against the proposal that they buy b
puerto rico and the virgin islands from a tax on imported rum. lawmakers let these taxes lapse every year and usually reinstate them when congress returns in january. >>> and coming up, three stocks that will do well for you as the economy gets stronger, according to our expert, coming up next. >>> shares exploding today on news that blackstone is taking a look at the troubled shoe maker, the maker of the once colorful c clogs will get a $2 million investment from blackstone,...
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May 21, 2013
05/13
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KQED
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taxes. today we got an early look at what apple will tell the panel about keeping funds offshore and why the whole corporate tax system needs an overhall. what do you think will be the pitch from apple's tim cook. >> reporter: i think he'll have to defend himself from a report that the senate on select committee just put out this evening. the report is pretty critical of the way apple sets up its corporate tax structure overseas. senator carl levindt[ boast their company is the highest corporate taxpayer in the u.s. but what they often leave out is the second part of the story, and that is that apple is one of the largest corporate tax avoiders. it's unacceptable that apple, and they're not the only ones, but they're the most egregious offender. >> now apple is going to come into this environment tomorrow. they'll say they don't use tax gimmicks, that everything they did was legal. they'll also highlight the enormous money they do pay in taxes, up to $6 billion last year. this year they're e
taxes. today we got an early look at what apple will tell the panel about keeping funds offshore and why the whole corporate tax system needs an overhall. what do you think will be the pitch from apple's tim cook. >> reporter: i think he'll have to defend himself from a report that the senate on select committee just put out this evening. the report is pretty critical of the way apple sets up its corporate tax structure overseas. senator carl levindt[ boast their company is the highest...